United Rentals (NYSE:URI) Given a $1,128.00 Price Target by Sanford C. Bernstein Analysts

Sanford C. Bernstein set a $1,128.00 price target on United Rentals (NYSE:URI) in a research report released on Tuesday, MarketBeat reports. The firm currently has an outperform rating on the construction company’s stock.

Several other equities research analysts have also recently issued reports on URI. Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. UBS Group lifted their price objective on United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. BNP Paribas Exane upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 target price on the stock in a report on Tuesday, September 16th. Finally, Redburn Atlantic cut United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 target price on the stock. in a report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $911.06.

United Rentals Trading Down 0.6%

URI stock opened at $929.81 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals has a 12-month low of $525.91 and a 12-month high of $980.53. The stock has a market cap of $59.82 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.16 and a beta of 1.72. The business’s 50-day moving average is $911.21 and its 200 day moving average is $758.24.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the firm posted $10.70 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. United Rentals has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that United Rentals will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 13th. United Rentals’s payout ratio is currently 18.52%.

Institutional Trading of United Rentals

Several institutional investors have recently made changes to their positions in URI. Polar Asset Management Partners Inc. purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $1,198,000. B. Riley Wealth Advisors Inc. raised its position in shares of United Rentals by 4.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 2,409 shares of the construction company’s stock valued at $1,697,000 after buying an additional 96 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $32,261,000. Park Square Financial Group LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $132,000. Finally, Probity Advisors Inc. raised its position in shares of United Rentals by 3.8% during the 4th quarter. Probity Advisors Inc. now owns 1,737 shares of the construction company’s stock valued at $1,224,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.